29 Water St, Nebo is a 6 bedroom, 4 bathroom House with 6 parking spaces. The property has a land size of 1015m2 and floor size of 314m2. While the property is not currently for sale or for rent, it was last sold in December 2025. There are other 6 bedroom House sold in Nebo in the last 12 months.
Welcome to 29 Water Street, Nebo - a feature-packed, fully furnished investment opportunity offering an impressive 418m² under roof, including carport and patio, and 314m² of internal living space.
This spacious and modern home includes:
6 generous bedrooms
Currently leased to excellent long-term tenants until 11 August 2026, this property is returning a solid $727 per week in rental income. Based on comparable properties in the area, there's potential to increase rent to approximately $850 per week at lease renewal.
The home is completely furnished from top to bottom - featuring:
32" TVs in all 6 bedrooms plus a 50" TV in the living room
Beds and linen included
Fridge, freezers, washing machines, cooking equipment, and much more!
Every detail has been thought of, providing a true turnkey investment where everything is already in place.
Outgoings are approximately $3,800 per year for council rates and $950 per year for water.
Whether you're expanding your portfolio or looking for a set-and-forget investment, 29 Water Street, Nebo delivers impressive scale, strong returns, and outstanding value.
Call now to secure this one-of-a-kind investment opportunity!
Disclaimer: The agent does not give any warranty as to errors or omissions, if any, in these particulars. The provided information from the Vendor can be deemed reliable but not accurate. Any persons interested in the property should conduct their own research.
The size of Nebo is approximately 876.9 square kilometres. It has 5 parks covering nearly 2.5% of total area. The population of Nebo in 2016 was 753 people. By 2021 the population was 857 showing a population growth of 13.8% in the area during that time. The predominant age group in Nebo is 30-39 years. Households in Nebo are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Nebo work in a machinery operators and drivers occupation.In 2021, 51.70% of the homes in Nebo were owner-occupied compared with 48.90% in 2016.
Nebo has 613 properties. Over the last 5 years, Houses in Nebo have seen a 80.05% increase in median value, while Units have seen a -59.79% decrease. As at 30 April 2026:
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